Who is eligible for GST registration?

According to the GST Act 2017, businesses that have Rs 40 lakh or more turnover need to register under GST. But for northeastern and hill stations, the minimum turnover is Rs 10 lakh. GST registration is mandatory. If the person carrying business doesn’t comply with the rules of GST, it is an offense as per the GST Act. That person shall be penalized for it. The main documents you need for GST registration are your pan card, adhaar card, address proof of the person in charge, proof of business registration, photographs, bank account statement, and business address proof.  These documents may vary for individuals and sole proprietors, LLPs and partnerships, Hindu undivided families (HUFs), societies or clubs, and companies.

GST registration eligibility

• Persons making the interstate supply of taxable goods and services.

• Persons with taxability under reverse charge.

• Non-resident taxable persons.

• All e-commerce operators.

• Individuals registered under pre-GST law such as VAT, Excise duty, etc.

• Casual taxable person

• Agents acting on behalf of a registered taxpayer.

• TDSTCS deductors.

• Input service distributors.

• Aggregators supplying services under a new brand or trade name

• Any other person or group of persons notified by central or state government as per GST council recommendations

This is the eligibility criteria for GST registration. You need to register under GST if you sell goods under the same state and you have 20 lakhs or more as an annual turnover. Likewise for service providers, within the same state and having 40 lakhs or more as annual turnover.